WillScot Holdings Corporation $WSC Shares Purchased by SG Americas Securities LLC

SG Americas Securities LLC raised its stake in WillScot Holdings Corporation (NASDAQ:WSC) by 632.2% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 46,654 shares of the company’s stock after acquiring an additional 40,282 shares during the quarter. SG Americas Securities LLC’s holdings in WillScot were worth $985,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. First Horizon Advisors Inc. raised its stake in WillScot by 45.1% in the 2nd quarter. First Horizon Advisors Inc. now owns 2,130 shares of the company’s stock valued at $58,000 after purchasing an additional 662 shares during the last quarter. GAMMA Investing LLC grew its holdings in shares of WillScot by 338.4% during the second quarter. GAMMA Investing LLC now owns 4,090 shares of the company’s stock worth $112,000 after buying an additional 3,157 shares in the last quarter. Bayforest Capital Ltd acquired a new position in shares of WillScot in the second quarter valued at approximately $131,000. Engineers Gate Manager LP purchased a new position in shares of WillScot during the second quarter valued at approximately $215,000. Finally, Trust Point Inc. lifted its stake in shares of WillScot by 10.0% during the third quarter. Trust Point Inc. now owns 10,369 shares of the company’s stock valued at $219,000 after buying an additional 939 shares during the period. 95.81% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms have commented on WSC. Jefferies Financial Group lowered their target price on shares of WillScot from $32.00 to $23.00 and set a “hold” rating for the company in a research note on Monday, September 29th. Baird R W upgraded WillScot from a “hold” rating to a “strong-buy” rating in a research note on Friday, November 21st. Robert W. Baird set a $22.00 target price on WillScot and gave the stock an “outperform” rating in a research report on Friday, November 21st. Weiss Ratings restated a “sell (d+)” rating on shares of WillScot in a report on Wednesday, October 8th. Finally, UBS Group set a $35.00 price objective on shares of WillScot in a report on Tuesday, September 30th. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, WillScot has an average rating of “Moderate Buy” and an average price target of $26.75.

WillScot Stock Up 0.4%

WSC opened at $22.50 on Monday. WillScot Holdings Corporation has a 1 year low of $14.91 and a 1 year high of $39.60. The firm has a 50 day moving average price of $19.58 and a 200 day moving average price of $22.74. The company has a debt-to-equity ratio of 3.39, a quick ratio of 0.72 and a current ratio of 0.79. The company has a market cap of $4.09 billion, a PE ratio of 18.60, a price-to-earnings-growth ratio of 2.01 and a beta of 1.11.

WillScot (NASDAQ:WSC) last released its quarterly earnings data on Thursday, November 6th. The company reported $0.30 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.29 by $0.01. WillScot had a net margin of 9.64% and a return on equity of 23.09%. The company had revenue of $566.84 million during the quarter, compared to the consensus estimate of $583.52 million. During the same period in the previous year, the firm earned $0.38 earnings per share. WillScot’s revenue for the quarter was down 5.8% on a year-over-year basis. Sell-side analysts expect that WillScot Holdings Corporation will post 1.77 earnings per share for the current year.

WillScot Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, December 17th. Stockholders of record on Wednesday, December 3rd were given a $0.07 dividend. The ex-dividend date of this dividend was Wednesday, December 3rd. This represents a $0.28 annualized dividend and a dividend yield of 1.2%. WillScot’s dividend payout ratio is presently 23.14%.

WillScot Company Profile

WillScot (NASDAQ: WSC) is a leading North American provider of modular space and portable storage solutions. The company designs, manufactures, leases and sells temporary and permanent modular buildings to serve sectors such as education, healthcare, construction, industrial and government. Its modular space offerings range from single‐unit office trailers and classrooms to complex multi‐unit configurations tailored to diverse project requirements.

In addition to modular structures, WillScot offers a broad portfolio of portable storage containers and related services, including site logistics, customization, delivery and installation.